Lakshmi Vilas Bank Godavari East Godavari Andhra Pradesh MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Godavari East Godavari Andhra Pradesh

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MICR Code	533056662
Bank	Lakshmi Vilas Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sivakodu
Contact	0
Bank Details	Lakshmi Vilas Bank Ltd Sivakodu LAVB0000694

Location	Godavari, East Godavari
City	Godavari
District	East Godavari
State	Andhra Pradesh
Pincode	533244
Country	IN
Address	No 2 92 main road opp to zill parishad high school sivakodu razole tk east godavari 533244

Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 533056662 for Sivakodu branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 533056662 of LV Bank, Sivakodu branch makes the system almost error free and faster. Use of LV Bank MICR codes for Sivakodu branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>Kapavaram >>Sivakodu

MICR code for Lakshmi Vilas Bank Sivakodu

Lakshmi Vilas Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. LV Bank MICR code for Sivakodu is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 533056662 is the MICR code of Lakshmi Vilas Bank for Sivakodu branch. MICR code for Sivakodu branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for LV Bank Sivakodu is presented in the table alongside.

Use of LV Bank MICR code for Sivakodu branch in godavari

The MICR code 533056662 is used in RBI cheque clearing process to identify the branch Sivakodu and LV Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Lakshmi Vilas Bank is typically in either of these two font’s: E-138 and CMC-7.

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